XML 16 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 1,348,661 $ 1,176,470 $ 2,586,771 $ 2,206,854
Cost of goods sold 1,113,777 952,375 2,130,421 1,797,661
Gross profit 234,884 224,095 456,350 409,193
Selling, general and administrative expenses 94,394 100,624 191,773 190,487
Rationalization charges 354 1,942 10,711 4,741
Other pension and postretirement income (12,818) (9,705) (25,637) (19,410)
Income before interest and income taxes 152,954 131,234 279,503 233,375
Interest and other debt expense before loss on early extinguishment of debt 26,406 25,837 52,829 49,326
Loss on early extinguishment of debt 0 0 883 1,481
Interest and other debt expense 26,406 25,837 53,712 50,807
Income before income taxes 126,548 105,397 225,791 182,568
Provision for income taxes 32,072 27,225 58,034 46,796
Net income $ 94,476 $ 78,172 $ 167,757 $ 135,772
Earnings per share        
Basic net income per share (usd per share) $ 0.86 $ 0.70 $ 1.52 $ 1.22
Diluted net income per share (usd per share) $ 0.85 $ 0.70 $ 1.51 $ 1.22
Weighted average number of shares        
Basic (in shares) 110,442 110,901 110,323 110,879
Effect of dilutive securities (in shares) 661 433 743 501
Diluted (in shares) 111,103 111,334 111,066 111,380